Vaccinate banking and insurance sector staff on ‘priority basis’: FinMin to States
April 26, 2021
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The Finance Ministry has asked State governments to put in place a special system to vaccinate employees of banks, insurance companies and financial services providers, including banking correspondents and cash logistic providers, on priority basis.
This is necessary, especially after the government’s recent decision to open up vaccination to all persons above the age of 18 years from May 1, said the Department of Financial Services (DFS) in a letter addressed to the Chief Secretaries of all States.
Enabling bank staff and employees of the financial services industry avail vaccination easily will go a long way in assuring them about their safety/life and will also boost their morale in continuing to provide best services to customers, the letter added.
Aadhar payment systems gathers steam, trumps ATM withdrawals
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Synopsis
With less than a quarter of the 2.3 lakh ATMs deployed in rural areas in the country, account holders are growing increasingly comfortable withdrawing cash from neighbourhood bank agents and merchant shops which double down as ‘micro-ATM’ points.
Agencies
MUMBAI: The Covid-19 pandemic has led to a surge in the adoption of cash withdrawals through Aadhar-enabled Payment Systems (AePS) that have doubled since last year, replacing the age-old dependence on teller machines where transactions halved in the same period.
With less than a quarter of the 2.3 lakh ATMs deployed in rural areas in the country, account holders are growing increasingly comfortable withdrawing cash from neighbourhood bank agents and merchant shops which double down as ‘micro-ATM’ points.